WV NatGas Property Tax Rule Still a Mess, 303 Cases Appealed
The West Virginia State Legislature passed House Bill (HB) 2581 on the last day of the annual WV legislative session in April 2021. HB 2581 required the State Tax Commissioner to develop a revised methodology to value oil and natural gas properties for the purpose of assessing property taxes. The State Tax Department submitted an emergency rule in the summer of 2021 that was, quite frankly, a mess. In March 2022, the legislature passed, and Gov. Jim Justice signed into law, House Bill (HB) 4336, aimed at fixing the mess created by HB 2581 (see Bill to Fix WV NatGas Property Tax Rule Close – Will Gov Sign?). The problem is HB 4336 didn’t really fix the mess! Not according to nearly 200 Ohio County residents who got two increase letters in December and January, both with different totals (see WV NatGas Property Tax Rule Still a Mess, Landowners Confused). According to the West Virginia Office of Tax Appeals, the office has received 422 property tax cases that have been appealed to date in 2023.
To view this content, log into your member account. (Not a member? Join Today!)